Public Issue Open: February 04, 2008 to February 07, 2008. Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO). Public Issue Size: 117,389,914 Equity Shares of Rs. 10/-»» Face Value: Rs. 10/-. Public Issue Price: Rs. 725/- to Rs. 850/- Per Equity Share . Maximum Subscription Amount for Retail Investor: Rs 100,000/-. Listing: BSE, NSE.
This is one of the biggest IPO’s ever! Reliance Power to issue 26 crore equity shares of Rs 10 each. Reliance Power has fixed the issue price band for the IPO at Rs 405 - 450 per share. For Retailers we can apply at 430 rs ,which is approximately less by 5% of the issue price.so we get at discounted rate by 20 rs. This is believed to be the first to offer a discount in the IPO price for retail investors. Reliance Power has also fixed convenient payment terms for all categories of investors. The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008.
